Acero-Martin Exploration Inc.: Closing of 12,000,000 Unit Non-Brokered Private Placement
August 21 2009 - 2:04PM
Marketwired
Acero-Martin Exploration Inc. (TSX VENTURE: ASD)(FRANKFURT: AMX)
(the "Company") wishes to announce that it has closed its
12,000,000 Unit private placement at $0.04 per Unit as announced by
press release originally announced June 11, 2009, as revised by
press releases dated June 19, 2009 and July 9, 2009, raising gross
proceeds of $480,000 and issuing a total of 12,000,000 common
shares to its placees at $0.04 per share, and issuing Warrant
Certificates for 12,000,000 Warrant Shares. Every two Warrants are
exercisable into one common share at $0.05 per share expiring
August 21, 2010, resulting in the further issuance of 6,000,000
common shares should all the Warrant Shares be exercised pursuant
to this placement. All funds raised pursuant to this placement will
be used for general working capital. A finder's fee of cash was
paid representing less than 1% of the total gross proceeds raised.
This news release was prepared on behalf of the Board of
Directors, which accepts full responsibility for its contents.
On behalf of the Board:
Michael C. Scholz, Chairman and Director
ACERO-MARTIN EXPLORATION INC.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Acero-Martin Exploration Inc. Investor Relations
1-877-646-0067 (604) 646-0640 (FAX) info@acero-martin.com
www.acero-martin.com
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